Finance
Smaller ARCs chase bulk deals to step up bad-loan purchases
Smaller asset reconstruction companies (ARCs) are stepping up their bad-loan purchases as they consider buying in bulk a pool...
Finance
India Inc's debt downgrades jump to highest since FY16
Corporate India’s credit profile has worsened during the six months through September as the value of debt downgraded by...
People
Phoenix Legal partner Jyoti Singh quits law firm to go solo
Phoenix Legal equity partner and Mumbai insolvency and disputes head Jyoti Singh has left the law firm to start her ......
Infrastructure
Mumbai developer Lokhandwala goes bust, felling skyscraper plans with Shapoorji
Lokhandwala Infrastructure Pvt. Ltd is the latest to go bust, its bankruptcy spoiling plans to complete the 90-floor iconic Minerva...
Consumer
Brookfield inches closer to buying Hotel Leelaventures as SAT rejects ITC's appeal
Canadian investment firm Brookfield Asset Management Inc. is a step closer to acquiring Hotel Leelaventures Ltd as the Securities...
Finance
Omkara Assets Reconstruction gears up for a second round of equity capital
One year after its first round of equity capital infusion, Omkara Asset Reconstruction Pvt. Ltd is looking to go for ......
Finance
Axis Bank raises $1.76 bn via share sale to GIC, others; Bain Capital sits out
Axis Bank, India's third-largest private-sector lender, has raised Rs 12,500 crore ($1.76 billion) by selling shares to institutional...
Manufacturing
Back from brink, Amtek faces debt resolution process again as SC orders fresh bids
Two weeks after staying the liquidation of Amtek Auto Ltd, India's top court has allowed lenders of the automobile component...
Consumer
Trent to take control of European wholesaler's India unit
Tata Group company Trent Ltd is acquiring a majority stake in the local unit of a British cash-and-carry wholesaler in ......
Finance
ARC Scan: Is India's No.2 buyer of soured debt hitting the sweet spot?
Anil Bhatia doesn’t like to take his office home with him. That’s certainly a good way to manage work stress. ......
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